A Lifetime Of Student Debt Essay - 872 Words

A Lifetime of Student Debt? Not Likely Countless people would agree that our country’s young adults continue to incur a lifetime of debt by enrolling in college. In addition, it has become a somewhat understood that when preparing to attend college, one might as well expect to graduate with a monstrous amount of debt. Very valid and life altering problems can arise with student loan debt. Robin Wilson, a reporter for the Chronicle of Higher Education, wrote an article, A Lifetime of Student Debt? Not Likely. â€Å"Of the 65 percent of graduates who face debt, the average [debt] is around $20,000.00; however, [a] third of graduates [do] leave college with no debt at all for their education† declares Wilson (257). Furthermore, Publisher of FinAid, Mark Kantrowitz declares that more often, the problem among students who go [deep] into debt is that they are determined to attend their dream college and do â€Å"whatever it takes† (258). Quite the opposite, when choosing a school such as Berea College, one of the best comprehensive tuition-free colleges in the South, students contribute 10 hours a week of labor in lieu of tuition (Andrew Hacker and Claudia Dreifus, Authors of Are Colleges Worth the Price of Admission 179). Another point Wilson builds is that â€Å"it is no one’s job to talk with students about whether the amounts they are borrowing line up with their professional aspirations† (264). Unfortunately, â€Å"[c]ollege academic advisers are intimidated by the complexity of financial aid†Show MoreRelatedA Lifetime Of Student Debt1050 Words   |  5 Pagesissue has been the great amount of student debt owed by students. Hence, many students have opted to not go to college because they do not have the money to pay their student loan debts. In the essayâ€Å"A Lifetime of Student Debt? Not Likely,† Robin Wilson argues that graduating college with student loan debts is a still better option than not attending college. On the other hand, other people contends that people should not go to college because they will end up in debt for the rest of their lives. MyRead MoreA lifetime of student debt889 Words   |  4 PagesA Lifetime of Student Debt? Not Likely. Robin Wilson had quite a compelling article, showing the potential contrast with the debt vs. the quality of life and stability a degree can provide. Wilson overall points show that the American dream we are all striving for has changed. She is able to demonstrate this through the use of several anecdotes. Wilson interviews with various professionals to see how they use these degrees to better themselves. In doing so she highlights various pros and consRead MoreLifetime of Student Debt Essay649 Words   |  3 Pages201 April 23, 2013 The Shackles of Student Debt? In this article, â€Å"A Lifetime of Student Debt,† Robin Wilson interprets the different views on taking out loans for college students. The recent worry has been that taking out student loans are â€Å"threatening the financial future of today’s college students† (Wilson 256). However, recent studies has shown that one-third of college students will have no debt after their academic experience. College student nowadays are willing to take any means necessaryRead MoreStudent Loan Debt Creates Lifetime Burden2337 Words   |  10 PagesCrowell, Charlene. Student Loan Debt Creates Lifetime Burdens. Philadelphia Tribune: 1. Aug 13 2013. ProQuest. Print. The main argument from this source deals with the notion that student debt is only on the rise and is continuing to cause a variety of problems for both the student and the economy. The point of this article is to bring awareness to the rising numbers of student debt that has accumulated over the years as well as informing the audience of what can be done about this andRead MoreA Lifetime of Student Debt? Not Likely by Robin Wilson1986 Words   |  8 PagesThe Beauty of Student Loans I owe $40,000, I owe $60,000, I owe $100,000. Isn’t that a lot of money for one person to owe? Graduates have been faced with a serious problem brought about by the constant borrowing of money to gain a reputable education. The debt of loans varies from person to person but the extreme amounts that individuals owe is something the media finds worth gossiping about. Little does the public know, in reality, all the commotion and conversation about these debts are not accountableRead MoreCollege Tuition Or Student Loans1371 Words   |  6 Pagespeople are able to pay for college out of pocket. In 2014, 42% of undergraduates paid for college out of pocket (Sallie Mae). The result of this is that students seeking higher education are forced to take out loans. On average, college students borrows $25,000 to earn their degrees (Alexandria). I just don t get the concept of college tuition or student loans. It s only getting worse because tuition is rising, loan borrowing continues to grow, private loan borrowing is growing, and higher educationRead MoreShould Student Loan Debt Be A National Crisis?865 Words   |  4 PagesAlthough many people are considering student loan debt to be a national crisis, we must understand the reality behind it. Unfortunately not everyone is fortunate enough to make it through college without accumulating debt. In Robin Wilson’s essay, â€Å"A Lifetime of Student Debt? Not Likely†, she makes a compelling argument that shows how students get involved with really high debt. She claims, â€Å"†¦the problem among students who go heavily into debt is that they are determined to attend their dream collegeRead MoreThe Great Gatsby By F. Scott Fitzgerald1353 Words   |  6 Pagesand richer and fuller of every man, with opportunities for each according to his ability or achievement.† We are given an opportunity to get a 4 year college degree and to achieve the American dream but that also comes with its obstacl es of paying debts no matter what. Living in the United States gives you so many opportunities that you might not get if you lived in other countries. One of the opportunities that are given to us are getting a 4 year college degree. This opportunity is not givenRead MoreThe Problem Of Student Loan Debt940 Words   |  4 Pageswithout the burden of student loan debt piling up as you get further into college. Even though financial aid is available for students seeking college education, some of those students will not all qualify for financial aid. With them not being able to qualify, it leaves taking out student loans to afford those college expenses. By them having no other option but to take out student loans, it is the start to a long road of student loan debt issues. Majority of student loans today are throughRead MoreAre Colleges Worth The Price Of Admission?912 Words   |  4 PagesA debt worth a lifetime Higher education has been known by many Americans as a luxury for only those who can afford it if not being forever in debt with student loans. The price of higher education has been in debate for many years but it still has not ceased to come into an agreement. Should higher education lower its price or is it worth paying for it? As Andrew Hacker and Claudia Dreifus argue in their article â€Å"Are Colleges Worth the Price of Admission?† there are colleges worth mentioning about